Renovated Duplex with Covered
1913-15 Fourth Street New Orleans, LA 70113
New
1913-15 Fourth Street, New Orleans, LA, 70113
$325,000
For Sale
$325,000
Renovated in 2019, the duplex offers two units with in-unit laundry and private access to a fenced backyard.
Property Size1,310 SF
Price / SF$248.09
Days on Market7
Property Features for 1913-15 Fourth Street
General Information
- Standard status
- Active
- Size
- 1,310 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1919
Listing agency
McEnery Residential, LLC
(917) 842-2971
Listed by
Suzanna Dishman · License #995695425
(917) 842-2971
Source
Compass
Added: Jul 15 Updated: Jul 21 at 8:11AM Checked: Jul 21 at 8:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of McEnery Residential, LLC
Investment Insights
Based on property information with market context.
Renovated in 2019, this duplex provides two separate units with in-unit laundry and updated finishes. The spacious owner’s unit features three bedrooms and one bathroom, with generous living areas, flowing floor plans, and a private primary bedroom layout described as traditional rather than shotgun-style. This unit also has private access to a fenced backyard with a covered patio. The second unit includes one bedroom and one bathroom, along with its own in-unit laundry.
The property is located just three blocks from St. Charles Avenue and along the Mardi Gras parade route, with proximity to restaurants and shopping near St. Charles Avenue and Baronne Street. It also includes an oversized covered front porch and is situated in an X Preferred Flood Zone.
Furniture is negotiable, and with an acceptable offer, both units may be conveyed fully furnished. The duplex is presented as move-in ready for owner-occupants or investors seeking flexible living arrangements or rental income potential.
The property is located just three blocks from St. Charles Avenue and along the Mardi Gras parade route, with proximity to restaurants and shopping near St. Charles Avenue and Baronne Street. It also includes an oversized covered front porch and is situated in an X Preferred Flood Zone.
Furniture is negotiable, and with an acceptable offer, both units may be conveyed fully furnished. The duplex is presented as move-in ready for owner-occupants or investors seeking flexible living arrangements or rental income potential.
Key Highlights
- Renovated duplex with 2 units; each unit has in‑unit laundry
- Owner’s unit features 3 bedrooms and 1 bathroom with private access to a fenced backyard and covered patio
- Second unit offers 1 bedroom and 1 bathroom with its own in‑unit laundry
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.9k | $19.80 |
| − Vacancy | −$2.2k | −$1.71 |
| EGI | $23.7k | $18.09 |
| − OpEx | −$7.1k | −$5.43 |
| NOI | $16.6k | $12.66 |
1,310 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$237.0K
$207.4K – $276.5K
NOI $16,588 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$217.8K
$190.6K – $254.1K
NOI $15,247 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$333.0K
$291.3K – $388.5K
NOI $23,307 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Renovated in 2019, the duplex offers two units with in-unit laundry and private access to a fenced backyard.
Where is this duplex located?
The property is located at 1913-15 Fourth Street New Orleans, LA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Renovated duplex with 2 units; each unit has in‑unit laundry; Owner’s unit features 3 bedrooms and 1 bathroom with private access to a fenced backyard and covered patio; Second unit offers 1 bedroom and 1 bathroom with its own in‑unit laundry
